KickUp, a Philadelphia company focused on professional learning, raises $1.54 Million in a seed round; and the educational network EduRev, based in India, lures Pre- Series A money.
The Vector Assessment of Readiness for College, backed by some conservatives, is being marketed as “the antidote for Common Core-aligned college entrance exams.”
The number of global ed-tech exits in 2016 is well off last year’s pace, in another sign that the scale of dealmaking has cooled from peaks of a couple years ago, according to CB Insights.
The major philanthropy misread “the level of resources and support required for our public education systems to be well-equipped to implement the standards,” wrote Sue Desmond-Hellman, CEO of the Bill & Melinda Gates Foundation.
Smartivity, a company based in India that develops arts, crafts, and science activity kits, raises $1 million, and Listen Current and Tabtor also raked in investment dollars.
The state recently terminated a five-year assessment contract with Measurement Inc. that could have been worth $108 million.
Forty-seven percent of K-12 teachers report using game-based learning environments in their classes, up from 23 percent in 2010, according to Project Tomorrow.
The use of online instructional videos in classrooms, meanwhile, has risen over that stretch from 47 percent to 68 percent.
It will take “the better part of a generation” for the benefits of the common core to flow completely through the system, because of the deep changes the standards will bring, the executive argues.
PowerSchool purchased IEP management solution TIENET while ed-tech companies including Speakaboos and FreshGrade received significant investments.
Ed-tech startup companies won $140,000 in a University of Pennsylvania business plan competition for products including interactive physics videos, digital tools to improve vocabulary, and a coding game.